Search:

News by Subject
Complete list of specialty news sections.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Mortgage Industry News
Subscription-based news for people who work in real estate finance.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories for your web site or for your RSS reader.

News Archives
Archive of news entries.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Graphs
Directory of lenders, branch operators and mortgage service providers.
home advertise email RSS about us
 
HOT Topics Rates Glossary LO License Search
Consumer Mortgage News
Free mortgage news for current and prospective borrowers from a leading online mortgage industry news publication.



Rates Rise 4th Week in a Row

Average 30-year fixed-rate mortgage 4.91%

April 14, 2011

By KENNETH R. GOSSELIN The Hartford Courant - McClatchy-Tribune Information Services


Mortgage rates edged up for the fourth week in a row, as the home buying entered what is traditionally the busiest season for sales.

Thirty-year, fixed-rate home loans averaged 4.91 percent with an average 0.6 point this week, up from 4.87 percent a week ago, according to mortgage giant Freddie Mac. A year ago, 30-year, fixed mortgages averaged 5.07 percent and fell as low as 4.17 percent in early November.

The rates on 15-year, fixed-rate residential mortgages averaged 4.13 percent with an average 0.7 point, up from 4.10 percent a week ago. A year ago, 15-year, fixed home loans averaged 4.40percent and fell as low as 3.57 percent in early November.

Despite the increases in the 30-year rates, they have remained below 5 percent for two months, Freddie Mac said.

There were further signs this week that the economy may be on the mend, Freddie Mac Chief Economist Frank Nothaft said.

Consumer purchases of retail goods rose for the ninth consecutive month in March, suggesting families have an increasing capacity to spend, Nothaft said.

"Reinforcing this notion, the Federal Reserve in its April 13th regional economic review that consumer spending picked up modestly in February and March across most Districts," Nothaft said.

"In addition, it noted that economic activity generally continued to improve and that reports focusing on the near-term outlook were most often upbeat."

next story

back to home page


To see more of The Hartford Courant or to subscribe to the newspaper, go to http://www.courant.com/

Copyright (c) 2010, The Hartford Courant, Conn.

Distributed by McClatchy-Tribune Information Services.

For reprints, e-mail tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.




Copyright © 2016 MortgageDaily.com
MortgageDaily.com Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

pricing engine directory

wholesale lender directory

More Mortgage News Resources (MortgageDaily.com full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

refinance news

reverse mortgage news

sales blog

secondary marketing

servicing news

subprime news

wholesale lenders

wireless mortgage news

 
Refinance News
News about refinance programs, pricing and production.
H A R P 2.0 News
News stories about the H o m e Affordable Refinance Program including expanded program guidelines.